Side-by-Side Duplex with Detached
For Sale
$359,900
1520 Laforest Avenue, Bismarck, ND 58501
Each residence includes a full basement, updated mechanical features, and its own washer and dryer.
Property Size3,672 SF
Price / SF$98.01
Days on Market151
Property Features for 1520 Laforest Avenue
General Information
Standard status
Active
Size
3,672 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
hardwood floors
washer and dryer
step-in tub
rec room
Building Details
Year Built
1955
Buildings
1
Listing Agency:
PRINCE OF PEACE REALTY
(701) 223-6509
Listed By:
NICK D CHOUKALOS
(701) 220-6121
Source:
Gabrielblackre
Added: Jun 3
Changed: Oct 31
Last Checked: Oct 31 at 2:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PRINCE OF PEACE REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This side-by-side duplex at 1520 Laforest Avenue in Bismarck has 3,672 square feet and was built in 1955. Each unit has two upstairs bedrooms, a full basement with an additional bedroom and egress window, and a family room. Hardwood floors, maintenance-free siding, newer windows and furnaces, and new electrical panels with breakers are among the property’s features. A washer and dryer are included on each side, and a double detached garage serves the property.
Both sides have egress windows installed during foundation work. The prior settling was professionally repaired by American Water Works, with a lifetime transferable warranty. One side also includes a step-in tub, and a basement shower is present on that side.
Both sides have egress windows installed during foundation work. The prior settling was professionally repaired by American Water Works, with a lifetime transferable warranty. One side also includes a step-in tub, and a basement shower is present on that side.
Key Highlights
- Side‑by‑side duplex with 3,672 square feet
- Each unit has 2 upstairs bedrooms and a basement bedroom with an egress window
- Full basement and family room on each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,275
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,500
$485.5K
Cap Rate 7%
$346,786
$346.8K
Cap Rate 9%
$269,722
$269.7K
Market Conditions
NOI Build-Up for 3,672 SF
Gross rent
$37.5K $10.20/SF
− Vacancy
−$2.8K −$0.76/SF
EGI
$34.7K $9.44/SF
− OpEx
−$10.4K −$2.83/SF
NOI
$24.3K $6.61/SF
Area
Burleigh County, ND
Vacancy
7.41%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,500
Cap Rate 7%
$346,786
Cap Rate 9%
$269,722
Alternative Uses
Best Use
Multifamily LT 5
$346.8K
$303.4K – $404.6K
NOI $24,275 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$300.1K
$262.6K – $350.1K
NOI $21,004 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$873.8K
$764.6K – $1.02M
NOI $61,167 @ 7.0% cap · market cap 17.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Explore this area
Business Placement
Demographics for 58501, ND
28,388
Population
13,445
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
95%
High-School Grad
22.8 sq mi
ZIP Area
1,245
Density / Sq Mi
$69,796
Median Household Income
$45,237
Median Earnings
$938
Median Rent
$276,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a full basement, updated mechanical features, and its own washer and dryer.
Where is this duplex located?
The property is located at 1520 Laforest Avenue Bismarck, ND.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Side‑by‑side duplex with 3,672 square feet; Each unit has 2 upstairs bedrooms and a basement bedroom with an egress window; Full basement and family room on each side
